5Barz International Inc. (OTCPK:BARZ) announced a private placement of units at $0.15 per unit on March 6, 2014. Each unit consists of one share and one share purchase warrant. Each warrant can be exercised at a price of $0.30 per share, within two years from the issue.

As of June 30, 2014, the company announced that it has issued 14,546,832 units at $0.15 per unit for gross proceeds of $2,182,025 in first tranche.

As of September 30, 2014, the company announced that it has issued 22,496,965 units for gross proceeds of $3,374,544.75 in second tranche.